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AUD/NZD Attacks 1.0900 Amid Cautious Asia The AUD/NZD cross cane under renewed selling pressure over the last hours, and now tests 1.09 handle as the AUD remains weaker against its OZ neighbour. AUD/NZD faces stiff resistance near 1.0925 region Currently, the AUD/NZD pair trades -0...
EUR/USD cautious start to the ECB week, Below 1.1000 The EUR/USD pair witnessed a minor bearing opening gap this Monday, falling nearly 20 pips form above 1.10 handle, and now extends further to the downside amid broad based US dollar recovery. EUR/USD capped by 1...
Weekly Trading Forecast: China, ECB Decision and Dollar Stability to Test FX Market Volatility The fundamental focus will shift temporarily from the Dollar over the coming week - just as trend pressure comes into view - with China's NPC meeting and the ECB rate decision drawing traders' anxiety...
NZD/USD Could be a Keeper, but Eyes on RBNZ - Westpac Imre Speizer, analyst at Westpac explained that the positive reversal in global risk sentiment in mid-Fed accelerated last week, pushing most equity and commodity markets higher. As a result, high-yielding risky currencies have outperformed...
AUD/JPY: Tracking the Upside but Overdone? AUD/JPY is currently is trading at 84.33 with a high of 84.53 and a low of 84.09. AUD/JPY has tracked the recovery in of both USD/JPY and the Aussie...
EURUSD Daily Forecast: March 07 2016 EURUSD Forecast The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1...
GBPUSD Daily Forecast: March 07 2016 GBPUSD Forecast The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175...
USDJPY Daily Forecast: March 07 2016 USDJPY Forecast The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but overall price is still in a bullish phase since formed a double bottom formation as you can see on my daily chart below...
USDCHF Daily Forecast: March 07 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stays below 1.0000/35 I still prefer a bearish scenario at this phase targeting 0.9820 area. Immediate resistance is seen around 0.9955...
GOLD: With GOLD closing higher the past week (see weekly chart), further strength is expected. However, while it trades below the 1263.00/1279.00 resistance zone, risk of a move lower is likely. On the downside, support comes in at the 1250.00 level where a break will turn attention to the 1240...
The Bank of Canada doesn’t target the exchange rate. But it has in the past year set down some fairly significant goalposts. At its last meeting, in January, a key reason why Governor Poloz didn’t cut was how far and fast the currency had weakened...
Data in this report cover up to Tuesday Mar 1 & were released Friday Mar 4. IMM data for the week through March revealed the first pick up in aggregate long USD positioning since mid-January and the first meaningful jump in overall USD bullish positioning since mid-January...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited (https://www.tallinex.com) EURUSD Dominant bias: Bearish As previously mentioned, EURUSD has been making some bullish attempts, but were not significant enough to render the bearish bias invalid...
EUR: Risk Events Galore – EU + ECB. Bearish. We remain bearish on EUR and are seeing rising political risks as providing further evidence for the currency to weaken. Near term, the risk rally will add to downward EURUSD pressure, supported further by foreign corporate borrowing in EURs...
To make it short and painful: there is no perfect trading strategy and how well you can deal with losses will determine your future success as a trader – more than your actual trading strategy will...
A British decision to leave the European Union would be “poison” for the UK, European and global economies that would last for years, the German finance minister has said...
EUR/USD: Wave analysis and forecast for 04.03 – 11.03: Uptrend continues. Estimated pivot point is at the level of 1.0820. Our opinion: Buy the pair from correction above the level of 1.0820 with the target of 1.15 – 1.16...
Forecast of movement of currency indexes next week 07.03 -13.03.2016. 1.GBP index strengthened to 39 and almost walked right up to the Japanese, second target after the Japanese will USD. GBPJPY buy, GBPUSD buy. 2. Strangely behaved Pacific Fleet AUD NZD, instead of falling...
